PTC India consolidated net profit up 5.62% to Rs 143 cr in June quarter

Power trading solutions provider PTC India on Saturday posted a 5.62 per cent year-on-year rise in its consolidated net profit at Rs 142.70 crore for the April-June quarter of this fiscal, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 135.10 crore in the quarter ended on June 30, 2022, the company said in a regulatory filing. Total income of the company rose to Rs 4,863.46 crore in the quarter under review, from Rs 4,310.74 crore in the same period a year ago. "The company achieved an impressive 21 per cent growth in profitability, propelled by strong growth in volumes and effective working capital management," PTC India Chairman & Managing Director Rajib K Mishra said. He noted that the company achieved the highest ever PBT (profit before tax) and PAT (profit after tax) for the first quarter of a financial year. The subsidiary companies continued to perform well during the quarter reaffirming the robustness and overall resilience of

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